Tokyo stocks open mixed ahead of Nvidia earnings

Tokyo stocks began the trading day on Wednesday in a mixed state, with investors adjusting their positions in anticipation of Nvidia Corp.'s earnings announcement later in the day. The initial 15 minutes of trading saw the 225-issue Nikkei Stock Average dip by 242.23 points, or 0.37 percent, bringing the index to 65,614.20, down from Tuesday's close.

Conversely, the Topix index, a broader gauge of the market, saw a slight uptick of 2.64 points, or 0.06 percent, reaching 4,096.31. On the Prime Market, which consists of larger companies, the main movers were pharmaceutical and insurance stocks, while shares in the oil and coal sectors, along with glass and ceramic companies, experienced declines.

At 9 a.m. local time, the U.S. dollar was trading at 159.22-23 yen, slightly stronger than the 159.17-27 yen rate observed in New York markets. In Tokyo, the dollar was quoted at 159.44-45 yen by 5 p.m. on Tuesday, indicating a marginal strengthening of the yen compared to the U.S. currency. Meanwhile, the euro was trading at $1.1674-1675 in Tokyo, slightly higher than the $1.1668-1678 rate in New York, reflecting a modest appreciation of the U.S. dollar against the euro.